Die Überwindung der Wirtschaftskrise und des dadurch entstandenen Haushaltsdefizits ist nicht die einzige Herausforderung für die neue Bundesregierung: Vor allem muss es ihr gelingen, ungenutzte Wachstumspotentiale zu entfalten - durch Investitionen in Bildung und Forschung, durch die...

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions. The basic idea is that stock market reactions to the announcement of policy decisions contain superior information about the welfare effects of these decisions. This paper...